Common use of Notification of Audit Clause in Contracts

Notification of Audit. Each of U S WEST and New U S WEST shall give written notice to the other party of any audit of a Combined Return for any Pre-Separation Taxable Period or Straddle Period within ten (10) business days after receipt of written notification of such audit from a Tax Authority. Such notice shall include a copy of the notification received from the relevant Tax Authority.

Notification of Audit. Each of U S WEST and New U S WEST shall give written notice to the other party of any audit of a Combined the U S WEST Consolidated Group Tax Return for any Pre-Separation Taxable Period or Straddle Period within ten (10) business days after receipt of written notification of such audit from a Tax Authoritythe IRS. Such notice shall include a copy of the notification received from the relevant Tax AuthorityIRS.